With the legalization of hemp and hemp-derived products in the USA in 2018, CBD has exploded into a multi-billion dollar industry. From being an enigma to millions, it
has become a trend in the health and wellness community. Besides, this particular industry has created countless opportunities for investors to make a fortune. Sounds incredible? But the truth is, that is exactly what is happening right now. This industry is experiencing an unusual influx of entrepreneurs ranging from newbies to experts.
But the journey, starting from establishing a brand to making profits is not as easy as it may seem. If you want to craft your products from scratch, you will need to invest a sky-high amount of capital and time as well. On the other hand, it takes a lot of effort and money to get your licensing and to arrange all the paperwork.
Don’t give up yet! You still can make money selling CBD oil with little to no investment at all. Let’s get into the points.
1. Sell CBD Through Your Physical Store
If you already own a brick and mortar retailer, fortunately, you are a step ahead. You can start selling CBD products from tomorrow! The inclusion of CBD oil products on your shelves can be an excellent option for you to make money. In this case, you can use wholesale CBD programs that many top-notch CBD manufacturers are offering. It will not only save your time but also will give you a significant financial advantage.
2. Become an Affiliate Partner
It’s ok not to have a brick and mortar retailer of your own. You don’t need a physical store, an inventory, or even a sales tax license to sell CBD oil products online. Most CBD companies offer affiliate programs these days. You can start your CBD business selling products of numerous companies you are affiliated with. All you need is a website with links to products you are offering. Companies who offer affiliate programs will give you referral links for each of their products. Own a Facebook group? You can also share the product links with your network. When people purchase products by clicking through your link, you get a commission. The affiliate commission may vary from companies to companies. But when you sum up it can be a substantial amount with minimum invest required.
3. Partner with a White Label Manufacturer
Starting a CBD oil business from scratch can be daunting. But it is still achievable with the white label program offered by already established CBD brands. In this scenario, you need to invest both time and money. However, you don’t have to concern yourself about the quality of your products, as you are sourcing from a high quality manufacturer. Most white label CBD manufacturers offer MOQ (Minimum Order Quantity). For example, if a manufacturer offers white label program with MOQ 50, it means you can order 50 pcs with your own brand label printed on. Initially, you can start with a few product categories and explore the market. Once you feel you are well familiar with the ecosystem, expand your catalog.
Last But Not Least
If you want to jump into the CBD industry, but wish to play safe, we recommend you start by partnering with a company as an affiliate. On the other hand, if you want to sell your own line of products avoiding the hefty investment, you might want to consider a white label CBD program. After all, the size of your capital should not hold you back. You have a multitude of options to enter the market. Choose one wisely.
